Property Description
Exclusively offered by Dante Belmonte of Hunt Real Estate ERA,
this 33-unit apartment complex presents a compelling investment
opportunity in the Clinton, NY market. Situated on a spacious lot with
ample parking and generous green space, the property offers both
tenants and ownership long-term value and appeal.The unit mix
includes a strong combination of one- and two-bedroom apartments,
all currently leased. With rents positioned well below market levels,
this asset provides significant upside for investors looking to
increase revenue through strategic rent adjustments. The property is
offered at a very low basis compared to similar assets in the region,
enhancing its long-term return profile.
With strong in-place occupancy, stable tenancy, and minimal
deferred maintenance, new ownership can focus on capitalizing on
the rent growth potential without the burden of major upfront
investment. This is an ideal opportunity to acquire a stabilized,
income-generating asset with room to grow
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Property Details
Property Type
Year Built
Multifamily
1955
Property Location
2 Cambridge Lane, Clinton, NY, USA